Ireland’s motor insurance market has been the subject of intense consumer criticism over recent years as the cost of insuring a car in this country has spiralled over the last decade. Ireland’s insurance industry blames the legal system for excessive injury awards, while others say insurers are reaping major profits by gouging customers by charging hefty premiums.

In May last year, the European Commission opened an investigation into Ireland’s motor insurance market to assess whether insurance companies were operating as a cartel.